List Items That Must Be Included in a "Special Report

question 62

Essay

List items that must be included in a "special report" if and when one becomes necessary to accompany a claim to explain unusual circumstances.

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Definitions:

Full-Time Employees

Workers who are employed for the full number of hours defined as standard by their employer, often receiving full employment benefits.

Financial Year

A financial year is a 12-month period used for calculating annual financial statements in businesses and other organizations.

Capital

Financial assets or resources that individuals or companies use to fund their operations and invest in their growth.

Tax Deduction

An expense that can be subtracted from gross income to reduce the taxable income, resulting in lower taxes owed.